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CITIC Capital Partners acquires DDS Lab for undisclosed sum
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CITIC Capital Partners, the private equity unit of CITIC Capital Holdings Ltd, said on Wednesday it had completed the acquisition of the US dental laboratory DDS Lab, Reuters reported.
The acquisition is sponsored by its third international fund CITIC Capital International Partners III, the company said in a statement, without disclosing the deal size.
Headquartered in Tampa, Florida, DDS is a dental laboratory that sells custom dental products to dental service organizations, mid-size group practices and sole practitioner dentists across the US, according to Reuters.
CITIC Capital Partners has been active in international buyouts. The company led a consortium in the takeover of US-listed Chinese companies AsiaInfo-Linkage for US$890 million earlier this year.
CITIC Capital partnered with Blue Sea Capital and DDS management to acquire the business, Reuters said.
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